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445 High St
Somersworth, NH 03878
Retail Property For Sale


Investment Highlights
- One of Somersworth's most active commercial corridors
- Three additional mezzanine-level offices
- Retail building leased to a nationally recognized furniture, appliance, and electronics retailer
Executive Summary
Net-Leased Investment Opportunity with Expansion Potential
445 High Street presents an exceptional opportunity to acquire a fully leased, two-building net investment property on 4.55± acres in one of Somersworth's most active commercial corridors. The property includes a 6,277± SF retail building leased to a nationally recognized furniture, appliance, and electronics retailer, and a 1,440± SF detached garage/service building leased to an established local automotive repair business. The property provides stable in-place cash flow and benefits from recent capital improvements, including a new roof, new furnace, updated HVAC systems, and additional upgrades, reducing near-term capital expenditures.
The main building also includes three additional mezzanine-level offices. While not presently accessible due to removal of the former stairway, the offices offer potential future use subject to restored access and applicable approvals. The property features drive-in access, municipal water and sewer, natural gas, and three-phase power. The 4.55± acre site also offers substantial excess land with potential for future expansion or redevelopment, subject to municipal approvals. Approximately 400 feet of frontage along Route 108 provides excellent visibility and convenient access to Routes 9, 16 (Spaulding Turnpike), and I-95.
Stable tenancy, recent capital improvements, and excess land make 445 High Street an attractive investment opportunity offering dependable cash flow with long-term upside.
445 High Street presents an exceptional opportunity to acquire a fully leased, two-building net investment property on 4.55± acres in one of Somersworth's most active commercial corridors. The property includes a 6,277± SF retail building leased to a nationally recognized furniture, appliance, and electronics retailer, and a 1,440± SF detached garage/service building leased to an established local automotive repair business. The property provides stable in-place cash flow and benefits from recent capital improvements, including a new roof, new furnace, updated HVAC systems, and additional upgrades, reducing near-term capital expenditures.
The main building also includes three additional mezzanine-level offices. While not presently accessible due to removal of the former stairway, the offices offer potential future use subject to restored access and applicable approvals. The property features drive-in access, municipal water and sewer, natural gas, and three-phase power. The 4.55± acre site also offers substantial excess land with potential for future expansion or redevelopment, subject to municipal approvals. Approximately 400 feet of frontage along Route 108 provides excellent visibility and convenient access to Routes 9, 16 (Spaulding Turnpike), and I-95.
Stable tenancy, recent capital improvements, and excess land make 445 High Street an attractive investment opportunity offering dependable cash flow with long-term upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,400 SF
Building Class
C
Year Built
1970
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.05
Lot Size
4.55 AC
Zoning
R1
Parking
25 Spaces (2.66 Spaces per 1,000 SF Leased)
Frontage
260’ on High St
Amenities
- 24 Hour Access
- Mezzanine
- Pylon Sign
- Signage
- Storage Space
- Smoke Detector
Property Taxes
| Parcel Number | SMSW-000042-000003 | Improvements Assessment | $687,673 CAD |
| Land Assessment | $544,477 CAD | Total Assessment | $1,232,150 CAD |
Property Taxes
Parcel Number
SMSW-000042-000003
Land Assessment
$544,477 CAD
Improvements Assessment
$687,673 CAD
Total Assessment
$1,232,150 CAD
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